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Solo 401(k) or SEP IRA: Determining the Best Retirement Strategy for the Self-Employed
Manage episode 430699663 series 2802157
Welcome to the Directed IRA Podcast! This is Mat Sorensen, joined by the insatiable Mark J. Kohler. In this episode, we dive into a hot topic: Solo 401(k) vs. SEP IRA. Are you self-employed and wondering which retirement plan suits you best? We break down the differences, benefits, and unique scenarios for both options.
Join us as we explore:
- The origins and benefits of the SEP IRA.
- Why the Solo 401(k) is often considered the superior choice for self-employed individuals.
- Strategies for maximizing your contributions and making the most out of these plans.
- How to navigate the nuances if you have part-time employees or plan to hire soon.
Whether you’re a seasoned entrepreneur or just starting your self-employment journey, this episode is packed with valuable insights to help you make informed decisions about your retirement planning.
Tune in and discover which plan could be the game-changer for your financial future!
Learn how to take control of your retirement - https://directedira.com/
Self-directed IRA Podcast - https://matsorensen.com/podcast/
Shop my products - https://shop.matsorensen.com/
Blog & Articles - https://matsorensen.com/blog/
Ask Mat: https://matsorensen.com/ask-mat
Connect with Mat online:
Instagram: https://www.instagram.com/matsorensen/
Facebook: https://www.facebook.com/mat.sorensen.1
LinkedIn: https://www.linkedin.com/in/matsorensen/
TikTok: https://www.tiktok.com/@sorensenmat
YouTube: https://www.youtube.com/@MatSorensen
Websites:
https://directedira.com
https://matsorensen.com
https://kkoslawyers.com
https://mainstreetbusiness.com...
155 episodes
Manage episode 430699663 series 2802157
Welcome to the Directed IRA Podcast! This is Mat Sorensen, joined by the insatiable Mark J. Kohler. In this episode, we dive into a hot topic: Solo 401(k) vs. SEP IRA. Are you self-employed and wondering which retirement plan suits you best? We break down the differences, benefits, and unique scenarios for both options.
Join us as we explore:
- The origins and benefits of the SEP IRA.
- Why the Solo 401(k) is often considered the superior choice for self-employed individuals.
- Strategies for maximizing your contributions and making the most out of these plans.
- How to navigate the nuances if you have part-time employees or plan to hire soon.
Whether you’re a seasoned entrepreneur or just starting your self-employment journey, this episode is packed with valuable insights to help you make informed decisions about your retirement planning.
Tune in and discover which plan could be the game-changer for your financial future!
Learn how to take control of your retirement - https://directedira.com/
Self-directed IRA Podcast - https://matsorensen.com/podcast/
Shop my products - https://shop.matsorensen.com/
Blog & Articles - https://matsorensen.com/blog/
Ask Mat: https://matsorensen.com/ask-mat
Connect with Mat online:
Instagram: https://www.instagram.com/matsorensen/
Facebook: https://www.facebook.com/mat.sorensen.1
LinkedIn: https://www.linkedin.com/in/matsorensen/
TikTok: https://www.tiktok.com/@sorensenmat
YouTube: https://www.youtube.com/@MatSorensen
Websites:
https://directedira.com
https://matsorensen.com
https://kkoslawyers.com
https://mainstreetbusiness.com...
155 episodes
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